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Clearlake, TA Associates complete DigiCert acquisition


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Clearlake, TA Associates complete DigiCert acquisition

Clearlake Capital Group LP and TA Associates Management LP completed the acquisition of U.S. digital security company DigiCert Inc. for an undisclosed amount.

The private equity firms invested in DigiCert through a management buyout. Thoma Bravo LLC, which held a majority stake in DigiCert, will exit the company, according to S&P Global Market Intelligence data.

The European Commission approved the transaction in September.

DigiCert offers identity and encryption services for web servers and devices connected to the internet of things.